SEA-NL: Investigation into foreign control/corporate concentration in fish processing sector required

SEA-NL is calling on Premier Andrew Furey to launch an investigation into foreign control/corporate concentration in the province’s fish processing sector to coincide with a similar ongoing federal review of offshore fishing licences. The federal Department of Fisheries and Oceans (DFO) is currently reviewing foreign ownership/corporate concentration of offshore licences to prevent foreign interests from establishing effective control over licence-holders. “Ottawa’s review of offshore licences is only half the story, and only half the issues that must be addressed in the province’s fishery,” says Ryan Cleary, interim Executive Director of Seaward Enterprises Association of Newfoundland and Labrador. “The whole story about potential illegal control of offshore and inshore fish quotas won’t be told until the Premier launches a parallel investigation.” >click to read, including the letter< 20:16

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